WVC 31 B- 5 - 501
§31B-5-501. Member's distributional interest.
(a) A member is not a coowner of, and has no transferable
interest in, property of a limited liability company.

(b) A distributional interest in a limited liability company
is personal property and, subject to sections 5-502 and 5-503, may
be transferred, in whole or in part.

(c) An operating agreement may provide that a distributional
interest may be evidenced by a certificate of the interest issued
by the limited liability company and, subject to section 5-503, may
also provide for the transfer of any interest represented by the
certificate.

Note: WV Code updated with legislation passed through the 2015 Regular Session
The WV Code Online is an unofficial copy of the annotated WV Code, provided as a convenience. It has NOT been edited for publication, and is not in any way official or authoritative.